Annual Performance Highlights FY17-FY22

Strengths & Weaknesses 24 STRENGTHS WEAKNESSES Unmatched value proposition to the industry Innovative, customized solution offerings 61-year-old brand, Marshall Early mover in Automated & Industry 4.0 offerings State-of-art infrastructure & dedicated team for Automation & Industry 4.0 One-stop solution provider for customers ■ Agile and adaptable organization ■ Well-established team of implementors of the latest technologies ■ Commoditized & price-competitive industry for standard machines Long working capital cycle ■ Scale of operations Lack of presence in some industrial belts S W MARSHALL MACHINES LIMITED

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